Gold Price Under Massive Selling Pressure After BoC Hike
The bias remains bearish despite temporary rebounds. A new lower low activates more declines. The median line (ML) represents a potential downside target. The gold price dropped in the last trading session, reaching as low as $1,939. The yellow metal has rebounded a little and is trading at $1,945. However, the downside pressure remains high. … Continued The post Gold Price Under Massive Selling Pressure After BoC Hike appeared first on Forex Crunch.
The bias remains bearish despite temporary rebounds. A new lower low activates more declines. The median line (ML) represents a potential downside target. The gold price dropped in the last trading session, reaching as low as $1,939. The yellow metal has rebounded a little and is trading at $1,945. However, the downside pressure remains high. … Continued
The post Gold Price Under Massive Selling Pressure After BoC Hike appeared first on Forex Crunch.
